SAIC: Target for 20% of new energy vehicle market
Yesterday, the Shanghai Automotive (600 104) annual shareholders meeting, chairman Hu Maoyuan said SAIC's goal is "12.5" in the market share of new energy vehicles, like traditional cars, but also can reach about 20%.
Hu Maoyuan said SAIC's technical line has been clearly focusing on the development of pure electric vehicles and hybrid electric vehicles. In addition to the Expo at the trial run of 970 vehicles, SAIC will launch low-volume at end of this year's Roewe 750 in the mixed hybrid vehicles, fuel-saving rate of up to 20%; in 2012 will introduce fuel-saving rate of 50% of the strong hybrid .
"At present our efforts to avoid some of the existing patented hybrid technology, and to launched its own core technology, Shanghai Automobile car. Our goal is to SAIC in the new energy vehicle market share same as traditional vehicles, but also about 20%." he said.
Private financial subsidies
Introduced in March last year, the "automobile industry restructuring and revitalization of" clear, "the next three years, electric vehicle production and sales scale. Transform the existing production capacity, the formation of 50,000 electric, plug-in hybrid and common type of hybrid and other new energy automobile production capacity, new energy vehicle sales accounted for 5% of the total passenger car sales around.
May 5 this year, the Chinese Government Network issued by the State Council on further intensify its efforts to ensure the realization of euro five emission reduction targets of the notice clearly suggested that "comprehensive promotion of fuel-efficient vehicles, continue to do demonstration and popularization of new energy vehicles , by the end of May to be issued before the relevant details of the implementation. "
It is said that the forthcoming arrival of new energy vehicles for the private purchase of any financial subsidy policy, will take the lead in five key cities "trial run", Shanghai will be one of the other four cities are Beijing, Shenzhen, Chongqing and Wuhan.
Earlier, Ministry of Science and National 863 Plan energy and new energy vehicles for major projects related to the Post Office's confirmation, the private use of new energy vehicles will be official car allowances related allowances little difference.
"20 years hard into mainstream"
Policy of encouragement, no doubt ignited new energy cars car enterprise enthusiasm in this year's Beijing auto show, exhibition of new energy vehicles up to 95.
However, there are views that, in the present process of pushing new energy vehicles, a neglected key factor is the energy source is coal combustion generally. Emissions need to start from the source, breaking the existing coal cleaning technology. Overall, the new energy vehicles in future, only time to be put away, clean coal technology in a substantive breakthrough, and before the new leader in energy costs, people need quick results, do not want to get too optimistic about the industry situation.
Automotive market research services to the core business of JD Power's global CEO (chief executive) Finbar O'Neill asserted, new energy vehicles into the mainstream 20 years is difficult. He believes that conventional cars in the next 20 years is still the leading force in the market is able to account for two thirds of the market.
"This year's benefit will not be worse than last year"
It is noteworthy that enterprises in the public car crazy expansion to the occasion, SAIC keep a cool head. Yesterday, the Shanghai Automotive President Chen Hong said at the shareholders meeting, is not optimistic about the auto market this year, is expected this year showed "high to low" trend.
However, Chen Hong of the SAIC to complete this year's target of 3 million full confidence. Hu Maoyuan expects the first half of SAIC's sales are expected to reach 1.7 million, SAIC has been the first 4 months of sales 1,197,000.
SAIC expects domestic car sales this year will be 15.5 million, the overall growth rate of 13%, 17% of passenger growth, commercial growth of 6%.
The recent trend of slow growth auto market, said Chen Hong, SAIC made late last year on "high to low," the judge, "the market changes have not to our surprise, we have been difficult to estimate the The relatively large number of. "
Hu Maoyuan said that nearly 1.7 million in the first half of the goal, even though the second half of the market slowing down, SAIC completed three million target would not be the problem.
"Motor vehicles are economies of scale, if the production and sales to reach 3 million, this year's benefit will not be worse than last year," Chen Hong said.
Shanghai Automotive: raw material prices had no effect on the SAIC
May 25, Shanghai Automotive Group Co., Ltd. Chief Financial Officer of peak and valley, told reporters on the China Securities Journal, steel products this year, up 10 percent overall, but for SAIC, the raw material prices has little effect on the company, for the full year results no negative effect. He was held in the Shanghai Auto Collection 2009 annual meeting of stockholders to make the above statement.
Gu Feng said that this year, Shanghai's B-class car auto sales ratio is increasing, overall sales increased by nearly 1 percent, for the high-end models, able to digest their own costs. This is determined by the product structure. In addition, the auto industry scale, the Shanghai Automotive current size of nearly three million, has been the way by reducing efficiency in this respect little effect on the cost of raw materials. (Zhongzheng Wang Xiaohui)
SAIC 5.0 billion acquisition of funds to invest in parts
China launched the first own-brand high-end cars, Shanghai Automotive (600101.SH) has to kill a "Parthian shot" into the previously independent brands A competitive low-end cars in the area.
May 25, 2009, held at the Shanghai Auto Annual General Meeting, the Shanghai Automotive president and SAIC-GM-Wuling (SGMW) Chairman Chen Hong said, SGMW upcoming car, about to enter the country the fastest growing, share of maximum, that is, Chery, Geely, BYD where market. And the integration of the shareholders concerned about the future, Shanghai Automotive SAIC chief financial officer, said Gu Feng key future component-by tackled the field, enhance core competitiveness.
Made "Chery"
"GM hopes the negotiation of equity holdings SGMW went smoothly, the Shanghai will fully support." When a shareholder asked SGMW passenger car development strategy, Chen Hong said. This reporter has learned, Guangxi Zhuang Autonomous Region Government has agreed to choose the delivery.
Currently, GM accounted for shares in SGMW 34.9%, 10% for overweight, GM has more options to conduct negotiations for years, but the conditions proposed by the local government agreed to the transfer of shares, but in return for GM to support SGMW the development of cars.
Prior to this, by the general distinction between two joint venture companies in China's strategy of competitive effects, SGMW not enter the car to the relatively high profit area, and in the micro-car field, but to create a sales volume of over a hundred myth. But with Weicheshichang saturation, SGMW early initiation to enter the car in the field of ideas. Introduced in 2007 Wuling Hong purposes, the introduction of car design. Beijing Auto Show this year introduced a new car SGMW Wuling Wang Kwong, is a compact commercial vehicle, from the appearance of view, close to the passenger JAC Refine MPV.
Since last year, SGMW Liuzhou, Qingdao two base capacity expansion plan has also been quietly startup. According to the plan, the second half of 2012, Liuzhou base of its vehicle production capacity from the current 590,000 to 800,000 to upgrade. In addition, the Qingdao-based Phase II capacity expansion project also will soon start. Two expansion project is completed, will form a north-south linkage, flexible deployment of the layout, for the passenger car project to provide adequate capacity to protect.
"We will enter into this market and has grown, and this is our strategy." Chen Hong said, referring to this market is the low-end market, the key competitors are domestic brands.
SAIC had used its own brand is the way to cut into high-end, while the Shanghai GM launched a new Sail although prices had also fallen below 60,000, but Chen Hong considered, relative to those of independent brands, the price is still higher Sail . The SGMW is located in Guangxi, with its low-cost building concept, with the mainstream of the market own-brand car competition.
Previously, SGMW the development of medium-class car has been developed for planning, the first car in the old Excelle platform to create, by the pan-Asian development. According to recent public car SGMW plan, SGMW will be announced during the World Expo in Shanghai, a brand new passenger cars be released in the near future.
To build the core competitiveness
Last year, the Shanghai Automobile annual vehicle sales of 2.72 million to complete, up 57%, net profit of 6.5 billion, up 9 times. But the fly in the ointment is that the overall stock market by the effects of exercise last year, failure of Shanghai Automotive, the financing plan did not materialize. SAIC chairman Hu Maoyuan regrettable.
SAIC does not affect the rich and powerful investment, according to SAIC by the end of April 2009, published annual report, SAIC plans to mergers and acquisitions this year, the most invested 5 billion yuan, of which passenger vehicles up to 3.0 billion project, business car project reached up to 2 billion yuan.
For this investment, investors are generally concerned about the future in the acquisition of Nanjing Auto, SAIC's integrated focus on where the next step. In response, Gu Feng said: current and future period of time is the domestic and international car market during the acquisition of high-density integration, SAIC did not give up the opportunity to participate in integration of acquisitions, but in production facilities and brand acquisitions become more cautious. SAIC focuses on the core and key components, including the new energy automotive components, to enhance their core competitiveness.
For the future, profit, peak and valley that, according to Shanghai Auto's internal monitoring, raw materials, especially steel this year, up 10% of the cost of vehicle and parts production will definitely be effective. But the auto industry scale effects were significant price volatility for raw materials resistance capacity, so impact is not so much the year 2000. Shanghai Automotive in the first half of the high-end vehicles (B-class car) market, growing sales, total sales increased by almost one percentage point year on year, which cost the Shanghai Auto is also an important factor in their own digestion. Shanghai Automotive will also continue to make energy efficiency to cope with rising costs.
